As many in the crypto community are aware, Radix DLT is a cutting-edge DeFi protocol set to make waves this year with its soon-to-come Babylon release. With this innovation and coming traffic to the network also comes a surge of promising Radix DLT based projects, one of the most promising being the dApp platform Radix95. According to their whitepaper, they aim to become “the only crypto site you’ll ever need” by building a website that offers a multitude of utilities and services housed on their nostalgic-looking website.
Since the official launch of the project just a couple of months ago, Radix95 has released an NFT marketplace, a token scanner, as well as the recent staking dApp for the project token, R95. The APY seems quite favorable at a max rate of 15% depending on the duration staked, an amount high enough to provide meaningful returns while also ensuring project longevity. Furthermore, given the current price pattern of Radix95, right now seems like a perfect opportunity to stake given that the expected corrections have already occurred after the token’s initial meteoric rise, meaning that the likely direction from here is only up.
According to the developers, on the horizon seems to be a coin listing website similar to RadixList, and further down the line will be the release of a decentralized exchange that will allow for the swapping of different Radix tokens.
Radix95 is proof that not every project has to be absurdly complex with astonishing technicals, but instead, simply offer a service that people will need. A simple, all-in-one crypto hub on an up-and-coming network, and that is all that’s necessary to make an impact. If the team is able to follow through on this ambitious project, which seems like it’ll be the case given what they’ve delivered so far, this project really is shaping up to be something great.
Although Radix95 is of course a Radix DLT based project, it’s currently only on the Binance Smart Chain until the release of Babylon, where it will then bridge over and establish itself on its true home network. Perusing the community on social media, there’s massive support so far on Twitter and the R95 Telegram, even among those unfamiliar with Radix. At just over a month old Radix95 has already established itself as something to keep a close eye on with many developments still to be had. Watching this project grow from the ground up and eventually seeing it at the forefront of Radix DLT will be an exciting ride.
